Oil and Gas Giant Shell Divest 30% Stake in Nigeria Asset

Oil and Gas giant Shell Nigeria Development Co Ltd.  a subsidiary of Royal Dutch Shell has divested a 30% stake in oil mining lease (OML) 18 and related facilities in the Eastern Niger Delta to Eroton Exploration and Production Company for $737m. Eroton was established by a consortium of companies, including Mart Resources, Midwestern Oil …

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